12 Nov 2009 18:22

Tatneft boosts net profit 17.4% in 9 mths

KAZAN. Nov 12 (Interfax) - Tatneft boosted net profit 17.4% in January-September 2009 year-on-year to 45.46 billion rubles, the company said in its earnings statement.

Revenue declined 17.6% to 161.5 billion rubles.

Key financial indicators for Tatneft ('000 rubles):

	Jan-Sept 2009	Jan-Sept 2008
Revenue	161 462 440	196 067 030
Costs	90 910 850	119 300 334
Gross profit	70 551 590	76 766 696
Sales profit	58 532 822	67 270 354
Pretax profit	58 572 199	53 411 771
Net profit	45 459 905	38 720 570

It was reported earlier that Tatneft produced 19.329 million tonnes of oil in January-September, 1% less than in the same period last year.

RTS$#&: TATN